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Senior Development Accountant
1 month ago
Toronto, Ontario, Canada QuadReal Full timeAbout QuadReal Property GroupQuadReal Property Group is a global real estate investment, operating and development company headquartered in Vancouver, British Columbia. Its assets under management total $73.8 billion. From its foundation in Canada as a full-service real estate operating company, QuadReal has expanded its capabilities to invest in equity and...
Senior Development Accountant
2 months ago
About QuadReal Property Group
QuadReal Property Group is a global real estate investment, operating and development company headquartered in a major North American city. Its assets under management total $73.8 billion. From its foundation in Canada as a full-service real estate operating company, QuadReal has expanded its capabilities to invest in equity and debt in both the public and private markets. QuadReal invests directly, via programmatic partnerships and through operating companies in which it holds an ownership interest.
QuadReal seeks to deliver strong investment returns while creating sustainable environments that bring value to the people and communities it serves. Now and for generations to come.
QuadReal: Excellence lives here.
Job Summary
The Senior Development Accountant at QuadReal Property Group is responsible for maintaining and documenting the financial status of commercial, residential, and land under development. This role requires a high level of technical and non-technical expertise in development accounting.
Key Responsibilities
- Handle all aspects of accounting for development projects with minimal supervision.
- Set up and maintain projects in the accounting system's job cost, including original and revised budgets, costs incurred, costs to complete, committed costs, and projected final costs.
- Liaise and work closely with the development teams, including attending project status meetings and providing financial updates, such as cash needs for all projects, including those in the pre-construction phase.
- Ensure all invoices are properly coded into the accounting system; and development fees are properly calculated and paid in a timely manner.
- Prepare loan draws and capital calls as required. Prepare financial reporting and draw requests where required for joint ventures and lenders.
- Ensure real estate commissions are properly calculated, compliant with internal controls and industry regulations and are paid in a timely manner.
- Prepare monthly financial reports; providing timely and accurate analysis of financial results and operating metrics.
- Prepare GST returns, tax compliance tasks and costing and profit reporting and recording for individual residential unit sales
- Assist in the design and implementation of internal controls related to development activity.
- Work with property accounting to co-ordinate transition of properties under development to income producing.
Requirements
- Professional accounting designation (CPA) or equivalent development accounting experience required.
- Minimum 3-5 years accounting experience in a development real estate environment.
- Specialized in computer skills in a range of software including: Yardi Voyager, Excel, and Microsoft Office.
- Proven experience in understanding Development and Development cycle.
- Strong analytical and interpersonal skills.
